Each year, thousands of bills are introduced in the Illinois General Assembly. IMA reviews every bill for its potential affect on manufacturing and works directly with elected officials to encourage passage or defeat. Listed below are bills we are actively working on. IMA members are encouraged to contact their state elected officials and let them know our position. For more information, contact Mark Denzler at 217.522.1240 extension 3008, or email:firstname.lastname@example.org
March 2016 Update
2016 is the second year of the 99th Illinois General Assembly’s biennial term. Over the past two years the House has filed 6408 bills while the Senate has introduced 3377. In addition over 2,000 amendments have been filed. The IMA government affairs staff has reviewed all of the legislative proposals and compiled a watch list of bills affecting manufacturers. The watch list is divided up for your convenience. Below are the legislative measures introduced by the IMA this year. Below that are links to additional bills. There is a complete listing of all bills of interest filed in 2016 sorted by category. There are also links to all House bills of interest filed in 2015-2016, all Senate bills of interest filed in 2015/2016 and all constitutional amendments of interest filed in 2015/2016.
IMA 2016 LEGISLATIVE AGENDA
HB 5717 (Zalewski) REVENUE-VARIOUS
Amends the Illinois Income Tax Act. Reinstates the research and development credit for tax years ending on or after January 1, 2016, and provides that the credit applies on a permanent basis. Provides that the credit may be carried forward for a period of 20 years (instead of 5 years). Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers’ Occupation Tax Act. Provides that the manufacturing and assembling machinery and equipment exemption includes graphic arts machinery and equipment and production related tangible personal property. Provides that the exemption for coal and aggregate exploration, mining, off-highway hauling, processing, maintenance, and reclamation equipment applies on a permanent basis. Effective immediately.
HB 5700 (Verschoore) MANUFACTURING-ENERGY-EXEMPTION
Amends the Gas Use Tax Law. Exempts certain business enterprises from taxation under the Act. Amends the Gas Revenue Tax Act. Provides that the definition of “gross receipts” does not include consideration received from certain business enterprises. Amends the Electricity Excise Tax Law. Provides that the tax under the Act is not imposed with respect to any use by the purchaser in the process of manufacturing or assembling tangible personal property for wholesale or for retail sale or lease. Effective immediately.
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2017, the exclusion amount shall be the applicable exclusion amount under the Internal Revenue Code. Effective immediately.
Amends the Illinois Enterprise Zone Act. Provides that businesses located in an enterprise zone shall be granted access to build facilities to cross a railroad right-of-way owned by a land management company for the purpose of conveyance of grain, aggregate, construction materials, and other commodities over, under, or across that right-of-way, subject to payment of certain fees and costs. Provides that the crossing fee shall be in lieu of any license, permit, application, or any other fee or charges to reimburse the land management company for the direct expense incurred by the land management company as a result of the crossing. Effective immediately.